European Union leaders at their summit in Brussels have pushed economic growth to the top of their agenda, but say budget cuts will continue. The man who is going to supervise Britain's banks has said government action may be needed to end free personal banking. Also on today's programme, James Naughtie reports from last night's Jubilee celebration to mark the contribution of creative arts to Britain in the last 60 years.

0615 Business News with Simon Jack, on the outcome of yesterday's euro summit.

0709 Andrew Bailey, an executive director at the Bank of England who is to be the head of the unit that will supervise banks, investment banks and insurance companies, has said "free banking" is dangerous. Business editor Robert Peston assesses the implications of such a statement on the banking industry.

0713 Gavin Hewitt on the meeting of European leaders in Brussels last night where no great breakthrough was reached.

0722 There has been an angry reaction in the US to the jailing of a Pakistani doctor who helped the CIA track down Osama Bin Laden. Shakil Afridi was jailed for 33 years after being charged with treason. Talat Masood, a retired general in the Pakistani army, explains the situation.

0833 Inflation figures are falling but are households feeling the effects? James Walton, chief economist at retail analyst firm IGD, and former Monetary Policy Committee member Andrew Sentance debate the issue.

0839 Business news with Simon Jack.

0843 Former government adviser Adam Smith and lobbyist Frederic Michel will appear before the Leveson enquiry today. Hugh Colver, former Government spokesperson and public affairs specialist, discusses the relationship between ministers and advisers.

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